Conagra Brands $CAG Shares Sold by Aberdeen Group plc

Aberdeen Group plc reduced its position in Conagra Brands (NYSE:CAG) by 87.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,217 shares of the company’s stock after selling 292,503 shares during the period. Aberdeen Group plc’s holdings in Conagra Brands were worth $744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in Conagra Brands in the 2nd quarter valued at about $172,475,000. Ameriprise Financial Inc. raised its holdings in shares of Conagra Brands by 69.5% during the second quarter. Ameriprise Financial Inc. now owns 10,145,798 shares of the company’s stock valued at $207,685,000 after buying an additional 4,160,542 shares during the last quarter. Cullen Capital Management LLC raised its stake in shares of Conagra Brands by 4,497.6% during the second quarter. Cullen Capital Management LLC now owns 2,740,013 shares of the company’s stock valued at $56,088,000 after purchasing an additional 2,680,417 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in Conagra Brands during the second quarter worth approximately $35,413,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Conagra Brands by 156.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,238,558 shares of the company’s stock worth $45,823,000 after acquiring an additional 1,366,059 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Conagra Brands Trading Down 1.3%

Shares of NYSE CAG opened at $18.45 on Monday. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of -83.85 and a beta of -0.01. The company has a quick ratio of 0.28, a current ratio of 0.89 and a debt-to-equity ratio of 0.80. The company’s fifty day moving average is $17.89 and its 200-day moving average is $18.17. Conagra Brands has a twelve month low of $15.96 and a twelve month high of $28.51.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Friday, December 19th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Conagra Brands had a negative net margin of 0.87% and a positive return on equity of 10.59%. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the firm posted $0.70 EPS. The firm’s revenue was down 6.8% compared to the same quarter last year. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities research analysts predict that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Tuesday, January 27th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, January 27th. Conagra Brands’s payout ratio is -636.36%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Conagra Brands from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Zacks Research downgraded Conagra Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group lowered their price target on Conagra Brands from $18.00 to $16.00 and set a “sell” rating on the stock in a research report on Monday, November 24th. Sanford C. Bernstein dropped their price objective on shares of Conagra Brands from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Monday, December 22nd. Finally, TD Cowen reissued a “hold” rating on shares of Conagra Brands in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $19.07.

About Conagra Brands

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.